Understanding Fees on Collateral Network: A Comprehensive Guide
<p>Hello Collateral Network Community!</p>
<p>We’re excited to announce that we’ve just released a new video on our YouTube channel that delves into the fee structure of the Collateral Network platform. If you’re more of a visual learner, you can watch the video (<a href="https://youtu.be/zombuxZsYMg" rel="noopener ugc nofollow" target="_blank">https://youtu.be/zombuxZsYMg</a>).</p>
<h1>Why Fees Matter</h1>
<p>Understanding the fee structure is crucial for both lenders and borrowers on any platform. It’s especially important in a decentralised ecosystem like Collateral Network, where transparency and fairness are key. So, let’s break down how the fee system works on our platform.</p>
<h1>Fees for Non-COLT Token Holders</h1>
<p>If you’re not a COLT Token holder, the fees are straightforward:</p>
<ul>
<li>Borrowers: 2.5% of the loan advance</li>
<li>Lenders: 2.5% of the loan advance</li>
</ul>
<h1>Reduced Fees for COLT Token Holders</h1>
<p>Holding COLT Tokens comes with its perks, including reduced platform fees. The amount of reduction depends on the number of tokens you hold:</p>
<h1>Visionary (75,000+ COLT Tokens)</h1>
<p>Visionaries do not pay any fees, whether they are borrowers or lenders.</p>
<p><a href="https://medium.com/@marketing_25200/understanding-fees-on-collateral-network-a-comprehensive-guide-cae2a1d9dd0a"><strong>Click Here</strong></a></p>